Easy Trip IPO subscribed 159 times
March 10, 2021
The ₹510-crore initial public offering of Easy Trip Planners has been subscribed 159.30 times on the last day of the issue on Wednesday. The IPO received bids for over 240.23 crore shares as against about 1.51 crore shares on offer, as per data available with BSE till 6.30 pm.
The IPO hit the market at a price range of ₹186-187 a share.
The category meant for qualified institutional buyers (QIBs) was subscribed 77.53 times, while those for non-institutional investors 382.21 times and retail individual investors 70.26 times.
As the IPO is an offer-for-sale from its founder promoters, Nishant Pitti and Rikant Pittie, the entire fund raisedwill go to them.
By Nevada News Bureau staff Nevada Secretary of State Ross Miller today revoked the corporate status of more than 400 limited liability corporations (LLC’s) and corporations registered with the state of Nevada for failing to respond to an official inquiry into the companies’ status as home-based businesses.